Crude Oil Trend Today Technical Analysis for 05-11-2019 10:00:05

by wealthmann

November 5, 2019

14

In 1 hour chart Crude Oil price continues to trade at 3995 and above the (Exponential Moving Average)EMA200 value of 3908.11 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Crude Oil continues to trade above level, that could be an extraordinarily Bullish sign for Crude Oil

Even so, the 200-candle Exponential moving average (EMA) price range of 3908.11 is proving a tough nut to crack.

Pivot (invalidation): 4023.33

Our preference: Long positions above 4100.67

Alternative scenario: Below 3982.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 05-11-2019 10:00:05

Pivot: 4023.33

Resistance 1: 4100.67

Resistance 2: 4141.33

Resistance 3: 4218.67

Support 1: 3982.67

Support 2: 3905.33

Support 3: 3864.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4064

Yesterday Low: 3946

Yesterday Close: 4060

Today at 05-11-2019 10:00:05 Crude Oil trading at 3995 with high of 4006 and low of 3992